Pivot Energy Secures $200M Tax Credit for Solar Portfolio
Deal News | May 14, 2025 | CRC-IB
Pivot Energy has secured a $200 million tax credit purchase commitment for its expansive 144MWDC community solar portfolio, with CRC-IB serving as the exclusive financial advisor on the transaction. The tax credit investment will support the development and furtherance of renewable energy initiatives, specifically focusing on community solar projects. This agreement highlights a strategic partnership aimed at enhancing Pivot Energy's solar capabilities and contributing to the sustainable energy shift. It marks a significant milestone in Pivot Energy's efforts to grow their renewable energy footprint through innovative financial structuring.
Sectors
- Renewable Energy
- Financial Advisory
Geography
- United States – The companies and solar projects involved are based in the United States, which serves as the geographical focus of the article.
Industry
- Renewable Energy – The article focuses on Pivot Energy's solar project, which directly pertains to the renewable energy industry and its development.
- Financial Advisory – CRC-IB is mentioned as the exclusive financial advisor, indicating involvement in financial structuring and advisory services.
Financials
- $200M – Tax credit purchase commitment secured by Pivot Energy for their solar portfolio.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Pivot Energy | Target | Company | A company focusing on renewable energy projects, specifically solar, that secured the tax credit commitment. |
| CRC-IB | Financial Advisor | Company | Provided exclusive financial advisory services to Pivot Energy for securing the tax credit purchase commitment. |